Hammond Power Solutions (TSE:HPS.A) Trading Down 17.3% - What's Next?

Key Points

• Hammond Power Solutions' shares fell 17.3% in a single trading session, closing at C$115.57, significantly down from the previous close of C$139.67.
• The trading volume reached approximately 406,890 shares, marking a significant increase of 708% compared to the average daily volume.
• The company specializes in designing and manufacturing electrical transformers and operates manufacturing plants across Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price was down 17.3% during mid-day trading on Saturday . The stock traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares were traded during trading, an increase of 708% from the average daily volume of 50,345 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Stock Performance

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The business's 50 day simple moving average is C$115.67 and its 200 day simple moving average is C$99.87. The company has a market cap of C$1.05 billion, a P/E ratio of 20.79 and a beta of 0.84.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India.